Around half of CISOs expect to consider purchasing solutions for managing AI.
AI-powered phishing attacks and deep fake enhanced fraud are the greatest threats to businesses.
According to research by Team8, 75 percent cited phishing, while 56 percent cited deep fakes, while 58 percent said a lack of expertise and balancing security with usability (56%) were the two main challenges organizations face when defending AI systems.
Also, 41 percent of CISOs expect to explore purchasing solutions for managing the AI development lifecycle within the next couple of years, with many CISOs prioritising solutions for third-party AI application data privacy and tools to discover and map Shadow AI usage.
Ross Young, CISO in residence at Team8, said: “This pivotal shift carries far-reaching consequences – not only for the well-being of CISOs but for the security and resilience of organizations globally.
“With AI-driven threats on the rise, the CISOs who excel will be those who can adeptly manage these mounting pressures while staying focused on the critical mission of protecting against an ever-evolving threat landscape.”
Commenting, Alvaro Garrido, Group CISO, information & cyber security at Standard Chartered said:”With threats like phishing and deep fakes on the rise, we can implement solutions that protect sensitive data and build trust with our stakeholders.
“By prioritizing human identity verification and embracing new technologies, we can turn these regulatory pressures into catalysts for positive changes, creating a resilient cyber security framework that not only safeguards our Bank and the financial community as a whole, but also inspires confidence and collaboration within our teams.”
Written by
Dan Raywood
Senior Editor
SC Media UK
Dan Raywood is a B2B journalist with more than 20 years of experience, including covering cybersecurity for the past 16 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Conference, BSides Scotland, Steelcon and ESET Security Days.
Outside work, Dan enjoys supporting Tottenham Hotspur, managing mischievous cats, and sampling craft beers.
